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Logistics startup Naqla raises USD 10.5 mn in pre-series A funding
Trucking startup Naqla has raised USD 10.5 mn in a pre-series A round led by El Sewedy Capital Holding, Hassan…
Macro Group’s net income rose 10% in 2021
Macro Group saw its net income rise 10% y-o-y to EGP 148 mn in 2021, according to the company’s maiden…
Is Goldman Sachs being tapped to advise EFG on FAB’s acquisition bid? Plus: Old Mutual has competition for Lekela stake.
EFG Hermes plans to pick Goldman Sachs to advise shareholders on First Abu Dhabi Bank’s (FAB) acquisition bid, Bloomberg reported…
COP president UK is struggling to live by its promises + Automotive players are reskilling for the electric future
With the COP presidency still in hand, the UK is struggling to “walk the talk” when it comes to green…
Adwia to invest EGP 400 mn in 2022 to add production lines
Pharma manufacturer Adwia will invest EGP 400 mn this year to add new production lines and make upgrades at its…
Beyti + United Pharma announce investments to ramp up production
Dairy and juice producer Beyti plans to invest EGP 250 mn in Egypt this year to add new production lines,…
Macro Group’s IPO has arrived
THE BIG STORY TODAY- Is Macro Group’s IPO upon us? Macro Group Pharma wrapped up the private placement portion of…
Local pharma player Nerhadou attracts private equity interest
Nerhadou may have new minority shareholders: Emerging-market private equity firms Affirma Capital and StonePine have agreed to invest USD 20…
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